$1.25M
$237,768
"Enjoying a fabulous position on the high side of this highly regarded street in a coveted Rosanna pocket, this immaculately presented midcentury classic on a supersized 822m2 allotment approx. is graced with commanding views of the Dandenong Ranges that deliver an inspiring backdrop for a future transformation. Elevated above the street and central to the lifestyle benefits and stations of Rosanna and Macleod Villages, schools, local cafes, and parklands, and minutes from La Trobe University, Northland, and the Austin Hospital Precinct, this iconic address lives up to its reputation as one of the suburbs best. Inside, fresh paint, new carpet and decorative cornices enhance a traditional layout that complements three wellproportioned bedrooms sharing a spotless family bathroom, a generous family living, a spacious formal lounge, and a dining room served by a charming retro kitchen are primed to greet a new generation ready to enjoy its familyfriendly location. Extras including an expansive decked alfresco, convenient second toilet, gas heating, split system unit and a garage integrated under the house ensure comfortable living for today while you decide what tomorrow holds Take inspiration from the neighbours, call the architect, check in with the builder and grasp an increasingly rare opportunity to renovate, extend, or build new STCA."
Below are some similar properties in the area you may be interested in.
-
86.6%
$1.46M
2.7%
$105,000
-$38,096
2.2%
1.6%
-16.0%
6.0%
Asking Price
$1,250,000
Estimated Purchase Price
$1,250,000
Stamp Duty
$68,750
Transfer Fee
$3,031
Conveyancing
$1,196
Deposit (10%)
$125,000
Reg. Mortgage
$129
LMI Premium
$39,113
Renovation Costs
-
Total Cash/Equity Required
$237,768
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,866
$2,435
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$19,827
$28,828
Interest Repayments
$74,250
$74,250
Net Cashflow Before Tax
-$54,423
-$45,422
Depreciation
-
-
Tax Offset
-$16,327
-$13,627
Net Cashflow After Tax
-$38,096
-$31,795
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,447,140
$2,616,085
Loan Balance
I.O
$1,125,000
$1,125,000
$322,140
$1,491,085
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 31.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Construction - 7.0%
Others - 41.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply